Omnicom cutting jobs as coronavirus hits ad spending by clients
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(Reuters) - Advertising firm Omnicom Group Inc said on Tuesday it was cutting jobs and furloughing employees as the coronavirus lockdowns dent ad spending by clients.Omnicom, which counts McDonald's, Johnson & Johnson and Volkswagen as clients, said that stay-at-home orders and store closures led to the decline and added it expects the trend to continue for the year.Omnicom, which did not disclose the number of job cuts, said a fall in revenue could hurt its operations and financial position,..